Wilmar Sugar and Renewables, Australia's largest sugar company has temporarily closed its sugar factories due to worker strikes.

Australia's largest sugar company, Wilmar Sugar and Renewables, announced on Thursday that it will shut down its eight sugar factories for up to 16 hours due to a strike by union workers demanding higher wages. Wilmar Sugar and Renewables, a subsidiary of Singapore's Wilmar International, said the shutdown will result in growers losing about 2.3 million dollars of income and added that another strike is planned for July 24. Wilmar Sugar and Renewables is Australia's largest sugar producer, producing more than 2 million tons of sugar annually.

環球市場播報Jul 17 20:13 ET

Market Chatter: Adani, Wilmar in Talks to Sell Minority Stake in Joint Venture

Indian conglomerate Adani Group and Wilmar International are looking at selling a minority stake in their joint venture, Adani Wilmar (NSE:AWL, BOM:543458), Bloomberg News reported Tuesday, citing

MT NewswiresJul 17 04:40 ET

Here's What To Make Of Wilmar International's (SGX:F34) Decelerating Rates Of Return

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and

Simply Wall StJul 13 21:15 ET

Singapore Stocks Head For Six-Year High On Earnings Potential

Singapore's stocks are poised for a six-year high thanks to a revival in bank shares as optimism rises ahead of the upcoming earnings season.

Business TodayJul 9 23:33 ET

Wilmar Intl: Financial Statements and Related Announcement-Notification of Results Release

Singapore ExchangeJul 5 05:34 ET · Announcements

Wilmar Boosts Stake in Pakistan's Unity Foods to 42.17%

Wilmar International (SGX:F34) has completed its public offer for shares in Unity Foods, acquiring an additional stake in the target through its units, according to a Friday filing on the Singapore St

MT NewswiresJun 30 21:20 ET